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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?


To: A Kor who wrote (3963)8/20/1998 4:50:00 PM
From: Radim Parchansky  Read Replies (2) | Respond to of 15313
 
The stock has to stop declining in order to find its bottom. Now we're in 100% up range from the previous .6 level or before web site and this is also the level where many new investors got in.
Next news from FNTN will define future direction, if it does not have substance (another words if the PR looks like just to tell investors something) more decline can be expected and very long recovery after that. The new PR will be very important, FNTN missed the momentum now it will take longer to get to $4. A lot of panic selling today due to no news and some of the SI posts from yesterday and the day before. The price was holding based on SI information describing more what the future can bring. Talking about profitability is not the right way to evaluate startup Internet stocks and when some investors don't look at FNTN that way, you'll get some substantial selling.

Some EPS from the 1st Q (just to go back for better comparison):
LCOS...-.15
XCIT...-.14
SEEK...-.05
YHOO...+.04

And those companies have been around for a while and being profitable is not what investor were looking for.

Radim